BP starts pumping crude at major deepwater Gulf of Mexico project

BP (BP +1.1%) says it has begun pumping crude from a new well at one of its four major deepwater hubs in the Gulf of Mexico, the second major startup in the region this year.

The new well at the Na Kika semi-submersible platform is the third of six BP oil production projects slated to come online this year, part of a multibillion-dollar investment that could help lift Gulf production past its previous peak of 1.8M bbl/day in two years.

BP operates and owns a 50% stake in Na Kika project, while Royal Dutch Shell (RDS.A, RDS.B) owns the other half; the two companies also are working together on Shell’s deepwater project in the Mars B field, the first major upgrade in the Gulf this year.

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Comments (5)
  • Jake2992
    , contributor
    Comments (1127) | Send Message
    Hopefully they will be a little more careful now that we have competent President and EPA regulatory body in place after the BP blowout.
    24 Feb 2014, 04:11 PM Reply Like
  • mike8282
    , contributor
    Comment (1) | Send Message
    Jake, hope you walked to work this morning.
    24 Feb 2014, 04:33 PM Reply Like
  • beachie
    , contributor
    Comments (37) | Send Message
    Jake you are lost in space
    24 Feb 2014, 07:54 PM Reply Like
  • greg0797
    , contributor
    Comment (1) | Send Message
    Jake, by competent president I hope you mean of BP. .otherwise you need to renew your medical marijuana prescription.
    25 Feb 2014, 09:49 AM Reply Like
  • Vichannan
    , contributor
    Comments (7) | Send Message
    Jake, competent is a liberal term. Drill baby drill.
    26 Feb 2014, 08:49 AM Reply Like
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